Eoq formula: EOQ is a formula used to

EOQ is a formula used to determine the optimal order quantity that minimizes inventory costs. It is important because it helps businesses reduce both ordering and holding costs while maintaining adequate stock levels. What is economic order quantity and how to calculate it? Learn about how to use the EOQ formula to lower your inventory order and holding costs. The clear and complete guide to economic order quantity ( EOQ ): Learn the EOQ formula and how to use it to optimise your business. Learn in detail about the EOQ formula to optimize inventory costs . Understand its components, calculation steps, & importance for inventory management.